The turnover of senior markets staff at Goldman Sachs continues in London, and hedge fund Citadel has hired another former employee of the bank.
The latest senior exit from Goldman Sachs is Tim Tomalin-Reeves, a managing director who worked in prime brokerage at the bank. He joined Citadel’s London operation earlier this month, according to filings on the Financial Conduct Authority register, after officially leaving Goldman in March. He is now the head of international treasury at Citadel.
Tomalin-Reeves was promoted to managing director at Goldman Sachs in 2013. He joined from Deutsche Bank in 2004.
He’s the latest senior Goldman Sachs markets professionals to depart in recent months as the firm extracts 10% of its fixed income headcount. Joe Mauro, the head of fixed income, currencies and commodities European hedge fund sales – and writer of the infamous ‘keep running’ motivational memo - left for a hedge fund in May. Andrew Wyke, the head of European money market sales and Herman Klein Wassnik, a managing director in structured client sales, were axed.
Citadel, meanwhile, has been slowly increasing its headcount in London. Tomalin-Reeves is just the latest hire. Most recently, it took on Volkan Dikman, an executive director focused on emerging markets fixed income trading at Goldman Sachs. Sebastian Meznaric, a former Goldman associate, also joined Citadel as a quantitative researcher in February. Joseph Mulholland, a former analyst on Goldman’s consumer retail, real estate and healthcare team joined in March.